Random
What is the best way to have more money? To save more, invest more, make more?
What is the highest credit score possible?
850
What is the capital gains tax rate?
20%
What is the interest rate on a traditional savings account?
less than 1%
If you have a 500k mortgage at 5% what will your interest payment be in year one?
$25k
What is debt a asset or liability?
Liability
When are Taxes due
April 15
What is the penalty on eary withdrawls from a 401k or Roth IRA?
10% of earnings
What is the difference between a Tax Credit and Deductable?
A deductable reduces your taxable income but a credit reduces your tax bill directly.
What type of loan has the highest APR: mortgages, credit cards, car loans?
Credit Cards
What do you need to file taxes?
Your W2s
What type of investment account uses pre-tax dollars?
401k
What is the only type of debt that can not be absolved through bankruptcy?
Student Loans
If you borrow $100 at 20% interest how much will you owe after 2 years?
$144
What is the highest marginal income tax rate?
37%
What is the riskiest way to invest? Individual Stock Decisions, an Index Fund, An Actively Managed fund
Individual Stock Decisions
What institution adjust the base federal funds interest rate?
What are the 5 factors that determine credit score?
Utilization, Payment History, Credit Mix, New Credit, Length of Credit History
What is the standard deduction amount in 2025? round to nearest 1k
$16k
What is the benchmark index for the 500 largest US companies called?
S&P 500